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Message:: [QUOTE="medoraman, post: 1415191, member: 26302"]I don't disagree with this at all. Americans have been living at a borrowed money standard of living level. We are completely unused to sacrifices, and it will be a hard adjustment, with a lot of drama. Foreign investments and PM are the way I personally am hedging this risk. I would not want to be someone with only US stocks and bonds as investment assets. Sometimes its helpful to "take a walk out of your skin" at times. My mother told me about one of the richest areas of town when she was growing up. After she passed away last year I was driving around. Even if those houses were new, I would not want to live in them. The size and availability of housing is just one symptom of Americans excessive consumption the last 40 years. It used to be accepted you worked for a few years to get a down payment, then you could buy a small 2 bedroom home. Too many Americans today want to 4 bedroom the day they graduate college. Politically it could be brutal when we are finally forced back to having to actually work for something again.[/QUOTE]